Leading a business delegation including the London Stock
Exchange, the Green Investment Bank and Crossrail International,
the Chancellor is in Brasilia for the second UK-Brazil Economic
and Financial Dialogue (EFD). He is accompanied by City Minister,
MP, and Trade Minister,
MP.
He will then meet investors and launch the UK-Brazil Green
Finance Partnership in Sao Paolo, before travelling to Buenos
Aires – the most senior ministerial visit to Argentina in sixteen
years.
Chancellor of the Exchequer, Phillip Hammond said:
“The UK has always been a global leader, and I am here to
showcase our successful businesses and keep strengthening our
links with dynamic, growing economies around the world.
“Today’s dialogue has created exciting new opportunities for
partnership between the UK and Brazil, Latin America’s largest
economy. I am very pleased to be accompanied by executives from
some great British companies with world-leading expertise, to
help facilitate deeper economic and trade links between our two
countries.”
Trade Minister, MP said:
“Brazil remains our top trading partner in Latin America and this
dialogue has reinforced the strong ties that already exist
between our two nations.
“As we prepare to leave the EU, we will continue to ensure our
businesses seize the global demand for British goods and
services. As part of this we are deepening our collaboration with
Brazil through UK Export Finance support and new infrastructure,
healthcare and green finance projects to maximise future trade
opportunities.”
The visit showcases UK expertise in infrastructure, green finance
and pharmaceuticals –developing opportunities for the UK and
Brazil to work together. Deals concluded at today’s dialogue
include:
· UK Export Finance support available for trade with Brazil to
double to up to £3 billion, meaning an additional £1.5 billion in
support for UK companies exporting to Brazil and for Brazilian
buyers of UK goods and services.
· UK based healthcare provider, GP Laboratories to export £11
million of pharmaceuticals to Brazil over the next five
years.
· Brazilian Granito Group to base their new global headquarters
for their global investment bank, Granito & Capital in
London.
· New UK-Brazil Partnership on Green Finance, to be supported by
City of London Green Finance Initiative and Brazil Council for
Sustainable Market Development.
This EFD builds on the success of the inaugural UK-Brazil EFD in
October 2015 and on the prosperity agenda being led by the
British Embassy in Brazil. The UK also holds EFDs with China and
India.
In the last four years the number of Brazilian companies
established in the UK has grown by 30%, generating over 600 new
jobs. In 2015 the UK exported just over £4 billion of goods and
services to Brazil, with £2 billion of these supported by the UK
government.
The Chancellor will then travel to Argentina, meeting the
President and senior ministers, and visiting British and
Argentine business that are driving trade and investment between
the two countries, including in Argentina’s important
agribusiness sector.
Notes for Editors
Travelling with Chancellor as part of the business delegation
are:
· Chris Mayo, Head of Primary Markets – Americas, London Stock
Exchange
· Alison Gowman, Deputy Chair, Green Finance Initiative, City of
London
· Ed Northam, Head of Investment Banking, Green Investment
Bank
· Bev Henry, CEO Americas, Aberdeen
· Martin Buck, former Commercial Director, Crossrail
International
· Peter Chamley, Global Director, Arup
· Roberts, Managing Director,
Willis Towers Watson
· Mark Walley, Managing Director, Royal Institute of Chartered
Surveyors
· Michael Sheren, Senior Advisor, Bank of England
· Omar Ali, Managing Partner, EY UK
· Mr Michael Flynn. Head of Consulting, TfL
